Business Services Industry
Bad debts pose risk to Big Four, says UBS.
Australasian Business Intelligence, June, 2009
Byline: Sally Patten
Jun 08, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The underlying value in Australian banks continues to be affected by volatile property and asset prices. Non-performing loans are highest in the hospitality, property and construction sectors. Banks can take some solace in that bad or questionable debts remain at only 0.6% of personal loans.
Publication Date: 9 June 2009
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB COMMONWEALTH BANK OF AUSTRALIA - ASX CBA AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ WESTPAC BANKING CORPORATION - ASX WBC UBS AUSTRALIA LIMITED
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